IIFL Finance Bonds
Secured Redeemable NCDs
Annual Returns:
8.75%*
p.a.
Issue opens: 8th December, 2021 | Issue close: 31st December, 2021
Issue Price / Face Value: ₹ 1,000 per NCD
Credit rating: CRISIL "AA"& BWR "AA+"
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IIFL Finance Limited is a Systemically Important Non-deposit accepting Non-Banking Financial Company registered with the RBI, catering to the credit requirements of a diverse customer base with its plethora of products. IIFL offerings include home loans, gold loans, business loans including loans against property and medium and small enterprise financing, micro finance, construction and real estate finance and capital market finance, catering to both retail and corporate clients.
Subscribe NowIIFL Bonds Issue Highlights:
Tranche II Issue Opens | Wednesday, 8th December, 2021 |
---|---|
Tranche II Issue Closes | Friday, 31st December, 2021 * |
Registrar | Link Intime India Pvt Limited |
Allotment | First Come First Serve Basis |
Issue Price | ₹ 1,000 per NCD |
Face Value | ₹ 1,000 per NCD |
Minimum Application | ₹ 10,000/- only |
Base Issue | Rs. 100 Crores |
Option to Retain Oversubscription Amount | Rs.900 Crores |
Tranche II Issue Size | Rs. 1,000 Crores |
Nature of Indebtedness | Secured Redeemable NCDs |
Credit Ratings | "CRISIL AA/Stable" by CRISIL and "BWR AA+/Negative" by Brickwork |
Terms of the Issue
Series | I* | II | III | IV | V | VI | VII | VIII |
---|---|---|---|---|---|---|---|---|
Frequency of Interest Payment | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Cumulative |
Minimum Application | ₹10,000 (10 Secured NCDs) across all series | |||||||
In Multiples of thereafter (₹) | ₹ 1,000 (one Secured NCD) | |||||||
Face Value/ Issue Price of Secured NCDs (₹/ Secured NCD) | ₹ 1,000 | |||||||
Tenor (in months) | 36 | 36 | 60 | 60 | 60 | 84 | 84 | 84 |
Coupon (% per annum) for Secured NCD Holders in all Category | 8.25% | NA | 8.20% | 8.50% | NA | 8.43% | 8.75% | NA |
Effective Yield (% per annum) for Secured NCD Holders in all Category | 8.24 % | 8.25 % | 8.51 % | 8.50 % | 8.50 % | 8.76 % | 8.74 % | 8.75 % |
Redemption Amount (₹/ Secured NCD) on Maturity for Secured NCD Holders in all Category | ₹1,000 | ₹1,268.80 | ₹1,000 | ₹1,000 | ₹1,504.00 | ₹1,000 | ₹1,000 | ₹1,799.75 |
Maturity / Redemption Date (Months from the Deemed Date of Allotment) | 36 months | 36 months | 60 months | 60 months | 60 months | 84 months | 84 months | 84 months |
Nature of Indebtedness | Secured Redeemable Non-Convertible Debentures | |||||||
Put/ Call Option | NA | |||||||
Mode of Interest Payment | Through various modes available |
Why Subscribe to IIFL Finance NCD?
- 1. Earn highly attractive fixed yield of 18.75% p.a over 5 years as compared to ~5.0% from bank fixed deposits.
- 2. IIFL has consolidated Assets Under Management of Rs. 44,688.03 crores as on June 30, 2021.
- 3. Different interest payout options are available - monthly, annual, and cumulative
- 4. Easily tradeable as the issue will be listed on BSE & NSE.
- 5. No TDS deduction as the holding will be in demat mode.
- 6. The instrument rated AA (Stable) by CRISIL, thus carrying a high degree of safety regarding timely servicing of financial obligations.
- 7. Easy to invest as UPI mechanism has been introduced for retail investors (application amount of upto ₹ 2 lacs)